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feasiblability for this probability indicates a 9 million-dollar tax benefit to the city after the cost of the city services and this is after netting out the property tax increment that we would capture through the i f b and so this is really coming from gross receipts tax and sales tax and other tacks that would continue to flow to the general fund. and elane mentioned the idea of excess tax increments and after the project needs are paid there is up to one $.6 billion paid in excess taxes generated from this site. pier 70 is a bit more complicated in that it's divided into a number of districts and a master plan starting in 2,007 and the commission chose to let out pourings of this site in sort-of a segmented manner and the water personal property site is the site under contract for a city development or in development is managing the rehabilitation of the historic buildings along 20th street, we have our ship repair under least and you have heard david talk about cran copark. four city's this the process of doing due diligence for the property right now and they are concerned that
problems that get thrust upon them as a consequence of diminished tax bases and the consequence of housing, the significant portion of the public and their states that are in most need. we're committed to having a third phase of the so-called big deal on the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop to get our economy in great shape and move toward a balanced bump started off with three phases. started with president bush's actions, the first president bush, in terms of taxation, before president clinton took office. then the actions the president took in '94 and then in '97. well, we think there's a third phase here that can set our country on a path that will allow us to get our debt, the gdp, our deficit to gdp, down around 3%, which is the basis of which all economists left, right, center, agree, are the areas which we really can begin to grow as a country. and also my grandfather used to say, with the grace of god and good will of the neighbors, cooler heads will prevail between now and the time we deal with th
taxes as the most important issues facing american small businesses and that's double the response for any other issue. the next two were government and relagz. in other news, walmart will announce a plan to hire every veteran that applies for a job. the only requirement? the vets need to have retired from the military within the last year. >>> the house will begin to debate on a $51 billion plan for superstorm sandy victims. more than 90 amendments will be filed by friday. earlier this month, lawmakers approved $9.7 billion to help pay flood insurance claims from the storm. the senate is expected to pick up whatever legislation the house approves, but things are getting testy at this point. you are talking about over 75 days i believe at some point since the storm actually came through. governor chris christie of new jersey has been making harsh comments about how you will not expect in the past of seeing any of the representatives from this area of the country who were voting down bill toes help aide flood and victims in iowa. he doesn't want to see breaking down into you scratch
inaccurate. >> host: that's talked about taxes, grover norquist and james madison. when it comes to taxes and what will the government has in using the revenues it raises, what is the history from the 18 century and how is the right wing is that history today? >> guest: americans ha n liked texas. they did not like taxes without representation or taxation with representation. they revolted a few times. whiskey rebellion. there was quite a bit of antitoxin demint in america. that said, the constitution is virtually unlimited taxing power and hamilton wrote 32, 35 about the need to collect taxes and in their, a number of places say very straightforward, but it's politically difficult to vote to raise taxes and i was going to be politically difficult. you do not ever want to do anything to a structural difficulty by putting something to raise taxes because you can't foresee the future. it is dramatically irresponsible to do something like take a pledge saying he will never in your life if the legislature vote to increase taxes. but that would have -- that is dramatically directly opposed to
know 20 so and we're giving him what, fighters jets, military equip and 1.5 billion in tax dollars. >> that's for the peace with israel as the pragmatic branch of the muslim brotherhood. >> sean: it sounds like terrorism to me. >> as long as he upholds the peace with israel, supposedly that's worth the price. >> sean: but look what happened. we get told in washington that the muslim brotherhood, they're great. now, they're against al-qaeda and all that stuff, right? the muslim brotherhood wants the blind sheik back. al-qaeda wants the blind sheik back. >> the muslim brotherhood-- >> prosecute him. the muslim brotherhood wants to impose sharia where it operates. and al-qaeda wants sharia. >> sean: i know the president has every right to celebrate tonight. and wish he and his family well, but these are real, present dangers to our country and the world. good to see you. >> good to see you. >> sean: next, i have a new hero, it seems that paying your fair share is not everyone's dream. and phil mickleson, and taxes may be out of control. and we'll tell you about the one of the world's
. it is within our reach to strengthen marriages and families. it is within our reach to reduce taxes. it is within our reach to lead in job growth and energy independence. it is within our reach to balance our budget and meet the needs of our people. our place, kan., must show the path, the difficult path for america to go in these troubled times. .. the and >> we and shannon >> thank you. >> that was governors sam brownback with the state of the state address. we now go to senator anthony headley for the democratic response to enact we have been talking that the string that we have time. we have talked about how i have a dream. we will somehow realizes principles and the declaration of independence. i think he was just inspired by that moment. >> sunday on "after words", clairborne carson recalls his march on washington. it is part of three days of the tv this weekend on monday featuring authors and books from the inauguration. president obama, and martin luther king jr. >> every weekend latest nonfiction authors and books are featured on booktv. you can see past programs and schedu
it comes. a carbon tax. the president says we must recognize the climate danger, forest fires, powerful storms, they're signs that climate change is real, it hurts and it must do something about it. here it comes, a carbon tax. if the president doesn't get a tax through congress, he will issue executive orders, other way you'll pay more in energy taxes or energy prices. in his inaugural address he spent more time on climate change than any other single issue. environmentalists ecstatic, the foreign media client. and the world's great minds will call for a 14 trillion dollar global greening. this is tuesday, january the 22nd, the day after the most liberal, all-government, all the time inauguration speech in memory. "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. [
start cutting stations if it gets worse. >> reporter: property tax revenues have dropped and the tax measure was voted down. now, those are just hopeful that we do not see a worse case scenario. >> there could be a terrible situation if there is a fire there is going to be a big fire and we're going to need all the help we can get. >> reporter: some of this talking is talking about ambulance services. that way, they can still get some emergency crews to respond. reporting live in contra costa county, kron 4. >> here are the four stations closing today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. you can see how wide-spread the impact of longer response times is. >> pam: the oakland public safety committee is expected to make a decision. which is already stirring up contreversy. city council members decide will whether to adopt a resolution. to hire crime - fighting consultant william bratton. new tonight at eight. kron 4's
this is live coverage on c-span2. >> additional 13,000 people will be lifted out of taxes altogether, people of 1.1. >> the commission proposals right to work. does the secretary share my concerns the government might further tax a high tax payers in wales? >> government is considering their recommendation of the report and we would be reported by those very shortly. that will be the appropriate time. >> we all know that millionaires spend -- [inaudible] can he tell us dummy millionaires are in wales? >> he knows as well as i do the road, few millionaires in wales. but what i can tell him is that in every year this parliament they will be paying more tax than they did in each year of the last labour government. >> thank you, mr. speaker. but isn't the real danger that with a government changes in tax and benefits in wales, you will see in particular in the community with the vast majority of people work of those people will have less money in their pockets? they will have less money to spend in local shops? there will be more shops closing. there will be fewer people in jo
: president obama, sworn in yesterday, promising to change the tax code, immigration laws, and act on climate change. good morning, everyone. we will spend the first part of this morning's "washington journal" on yesterday's inaugural address. for democrats, 202-585-3880. for republicans, 202-585-3881. for independents, 202-585-3882. also, send us a tweet, twitter.com/c-spanwj. post your comments on facebook, or you can e-mail us. journal@c-span.org. let me begin this morning, this is "the wall street journal," had line. "obama vows aggressive agenda." "he is looking beyond the fiscal battle set to dominate the coming weeks." and then a side story, an analysis. "the president is set to fight over a new to do list." "the inauguration was not only grayer, he sounded less like a man ready for lofty flights and more ready for ground battles." and then here is "the washington post," this morning. there had lyme, "we must act." -- there had line, "we must act -- their headline, "we must act." "the new york times," this morning, "a limitless vision." "speech gives quiet goals center stage." "our jou
just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the number one factor that is creating jobs in the economy over the last three years has been the oil and gas sector. dagen: you would be not a smart politician if you got in the way of that in the next four years. steve, by the way, 2100 words in that address and job or jobs was noted three times. steve, it was great to speak with you. >> people should read in our "wall street journal" today, we have an excerpt from ronald reagan's inauguration. the job market was really expanding back in. dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america finan
should seriously look at with tax reform is how do you replace the anti-poor, anti-small business tax. it is the first big hurdle to create a job. how could you design the equivalent for starting your own business? trying to reach out here and realize, every american could be premiership -- of .ntrepreneurshi passing so many laws and regulations and taxes that they kill the start up businesses in ways that are crazy. >> i have to jump in. thank you so much for talking about entrepreneurship. you were there, you were a part of that. there has been so much destruction to the assistance program. talk about rules and regulations. those are things your administration, when you were the speaker of the house, so many of those types of rules and regulations were built into the program, so much that they have not responded to the recession. it is only able to reach about 30% of the children who are poor in this country. an incredible increase in child poverty been. micro finance would may be a great way to insert into the system. if a woman is receiving cash assistance or food stamps and she h
down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodgers. they want to create a central authority to investigate tax fraud and harmonize procedures across the federal states. they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christ
the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses transportation strategies particularly because half of the -- in the city is regional. in fact mtc is providing local match for the study. the two agencies have come together to propose jointly managing the study. will come back to this committee t
will also be on how to grain your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> hey, guys, known a with the weekly. much to do and much to see. here the top activities at the top of my list. this tuesday, january 15th, the sf main library will feature free film night and reception and celebrate 2013. join itbs for viewing soul food junkieses, history and cultural significance of soul food, black cultural identity. across the street from the library at grove street. after movie might, learn about the 21st sea lion anniversary. this thursday through next monday, pier 39 w
-- >> maximum? >> they should pay their fair share. >> sean: give me a fair share number. >> i like a flat tax. >> sean: between state, local, federal and isn't it sad people are thinking of moving states? and some people might leave the country, that's sad. >> only people with options can do that and we're losing track of that. >> sean: when those people leave, guess who is going to pay? the people who are left. >> yeah, and the states are being dug into the ground with all of these. >> sean: and we've got to run, but we expect momentarily that vice-president biden will be addressing the troops on this inauguration night. congratulations to the president, first lady for ing, that's all the time at we have left. greta is next to go "on the record" and we'll see you tomorrow night. >> greta: tonight, it's blistering, it isn't so much what was said, but who said it. is the cbs news political director and telling president obama to pulverize and destroy republicans. but tonight, scott walker is here and how are he and other governors planning for president obama's second term. governor walker in
? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckelway. bill: house republicans say they hope the move will shift the focus to spending and push the senate into passing a budget. remember it has been four years since the senate passed a budget in washington. >> i think it is about time the senate did its legal responsibility of passing a budget. we passed one each of
. he kind of cleaned john boehner squat in terms of taxes and revenues. it was all tax increases. $15 million in spending cuts. republicans have to get their acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the sense that they want to say enough of this pr stunt. let's take the falls off the table but let's get to the real essence of spending cuts. the president is going to keep coming back. but it's more revenue. but it's more tax increases. we knew that in the campaign. neil: there is this paraphrase between the rich and the poor that you alluded to. maybe he has not done this. >> i don't think he is done on more tax increases. neil: more deductions? >> deductions and perhaps more rate hikes. this was alluded to during the fiscal cliff tal
inauguration ghey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ..es and all other major tax stores combined. packs a whole lotta something special inside this little wax package. why go ordinary? try the special zip peel freshness that only comes from mini babybel. nice! yes! hey, girls. want the perfect snack accessory? it's totally natural, 100% delicious cheese! tasty. see? good things really do come in small packages. like rubies! girls like rubies... mini babybel cheese from the laughing cow. have you laughed today? about. >> time for a look at the wake up weather. sunrise occur at 7:21 tomorrow. we'll have cold conditions inland. thin high clouds but sun fairly brit as well. low pressure ranging from 28 to 5:00 a.m. warming up to this at 8:00 a.m. >> thanks spencer. >> the presidential inauguration went wild on s
said this is a great opportunity for them to pass a budget. talk about tax reform or various kinds of things. the debt ceiling, the sequestration, etc., that really have not been addressed appropriately for the nation. so i think that is a good way to look at it. it is an opportunity to follow the law and do our jobs. >> thank you very much. i agree with you. i think both sides of this capital will have an opportunity to accept this bill , vote for or against it, to debate it and the merits within. i think we have seen where several prominent democrats have really accepted the challenge to get that done. mr. levin, did you want -- >> just briefly. my guess is -- >> the gentleman is recognized. >> we'll debate this tomorrow. just a few things. i'm in favor of regular order. that doesn't mean there's any guarantee of the result and to use the debt ceiling as a lever i think is a very serious mistake. after the credit of this country was downgraded, a senior director of standard & poor's -- this was right after it -- said the following about american political institutions that they w
jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meansfor com. bill see you monday. ♪ ♪ gerri: hello, everybody. i'm gerri willis. more taxpayer waste from the obama administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out $4 went to foreign compa
come, everybody, i'm neil cavuto. i guess the cliff deal was the first clue. 0 times more tax hikes than spending cuts. could explain the president comment to john boehner that we don't have a spending problem. black caucus said we don't have entitlement problem. leave entitlements alone. nancy pelosi says we still have a revenue problem. don't leave the tax hikes alone. what is amazing these guys don't address a problem. this weekend we get ready to essentially coronate a president, there is no evidence anywhere among anyone in washington they even see a problem. nowhere in any of the inaugural events is so much as passing bought of spending period. more like a four-day spending palooza, celebrates wonder of government and those that benefit from the government the woman who has a job thanks to the auto rescue. the dad's whose family is protecting thanks to the health care law. i think you get the point. austerity isn't the point. more government is. this inaugural weekend is all about a blueprint for revving it up. the white house says it is low-keying the inaugural festivities be
, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term interest rates. can you tell us how well you think that is working? >> so, to go back just one step, as you said we have brought the short-term interest rate down almost to zero, and for many, many years monetary policy just in bald moving the short-term, basically overnight interest-rate up and down and hoping that the rest of the interest rates would move in sympathy. then we had a situation in 2008 where we are brought the short-term rate down about as far
contra costa. >> county fire officials say the defeat of a parcel tax last november leaves them no option. >> in oakland, police overwhelmed by a wave of gang killings. today the chief told us what he needs to turn the tide. and in marin county, a first=ever gun buyback program runs into an unexpected hitch. (male announcer) this is the bay area news station, kron 4 news starts now.empty fire stations in >> pam: empty fire stations contra costa county tonight. with not enough money in the budget - four fire-houses are now shut down. good evening, i'm pam moore. tonight - j-r stone is live where community members are expressing their concern. but, first grant lodes is standing by at the big board. to show us which areas are affected. grant? >> four stations close today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. kron four's j-r stone is live tonight in >> there is a community meeting that begins at 6:00 p.m. directly b
's capitol. >> talk a little bit about the potential for more tax hikes. with house republicans talking about that and a leading democrat coming out saying that congress needs more money in order to reach the numbers they have to get to. he says there is really no way around that except higher taxes. here is charles schumer. >> $1.7 trillion in cuts. we've done $600 billion in revenues. you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas
case or hurt his cause? we will get reaction. dagen: and intimate the state income tax. one governor laid out his case, and wayne rogers likes the idea. top of the hour, nicole petallides is covering it for you o on the floor of the new yk stock exchange. nicole: the market is likely to the downside. the trend has been the major market averages are not too far off the unchanged line. see the dog over the unchanged line 50 times in one day is not unusual to see that, however the trend had been to the upside looking like nine trading weeks we have seen the s&p 500 now hovering around the five year highs. dow jones industrials as well and the nasdaq composite as well. intel weighing on the major averages, you can see down 6.25%. if you took out intel out of the dow, the dow would be flat right now. they came up with profits that were disappointing, weak outlook. not good news for intel weighing on the major averages, but technology in general. back to you. dagen: forget about washington. our next guest says stop talking about it, investors should be focused on making money in the econom
to take up what had been a fairly legitimate savings, and what we ended up with was a tax bill. we now have 900 billion in discretionary spending. 600 billion in revenue. the next exercise, in my opinion, has to be about spending restraints, specifically entitlements. that is where the big enchilada is an issue that has not been taken up yet. how do we get to that? there are three pressure points. you have the sequestered, the debt ceiling, and you have the continuing resolution. the sequestered and debt ceiling fall on top of each other towards the end of february. these to say and republican leadership and the senate, which is served in for 12 years, you never take a hostage you cannot shoot. the problem with the house was they took hostage the cannot shoot when they took the fiscal cliff. if the republican members of congress take the debt ceiling as a hostage, it is a hostage you cannot shoot. as a very practical matter, if we go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they d
to go up. it could mean higher taxes and more cults to programs and services from the government. any hope for a controlled fix to our debt problem would be compromised. failing to pay for what we've already spent would be hazardous to the fragile economic recovery now gaining steam. just this week we got a reading about construction of new homes. it jumped 12.1% in december compared to the month before. that's the highest in more than four years. first-time claims for unemployment benefits fell to a five-year low. and the stock market that you invested in your 401(k) and i.r.a. is hitting five year highs. things are okay. defaulting on our fiscal obligations would hit the economy harder than that cliff we narrowly avoided and will face again. a report put out by jpmorgan in 2011 exploited the myth going around a few missed payments would be no big deal. they said any delay by the treasury would have ripple effects similar to the aftermath of the lehman brother collapse. not sure that's true but it's serious. this is all caused by the dell ceiling. the u.s. is the only other country o
is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
well in our society and those who are not suggesting he may not be done taxing the well-to-do on the heels of chuck schumer over the weekend saying that the senate will produce a budget and it will include higher taxes on the wealthy and republicans may not like it but paraphrasing they just have to deal with that. what do you think of that? >> well, i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anyone. we identify with those who have not experienced upward mobility and want to help those who need a safety net and provide the relief and save the programs and give them some opportunity working through areas on education, hopefully, the white house will finally join us in some of thosests, and there are all kinds of things and workforce training and others that we can find common ground on depending on whether the mood today lasts. >>neil: do you get a sense they are leery, the dims, to go too crazy on spending cuts. the president told president obama he sees it as a h
of taxes is also now getting some buzz. and new controversy over reports that federal agents waited to arrest an illegal immigrant and a sex offender who worked for this powerful democratic senator, senator menendez, you saw in that picture there. what, what really went on? why was this done? an early morning rescue puts a whole new meaning on another brick in the wall. as firefighters-- did you watch this on america's news room with bill and martha? firefighters worked hours to free a woman who got stuck in a tight spot, how it happened. ♪ ♪ caught between a rock and a hard place ♪ bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. before you begin an aspirin regimen. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. hi, i'm ensure clear... clear, huh? i'm not juice or
here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that would come through reforming the tax code, reducing preferences, exclusions that are shot through the tax code, to actually be able to reduce rates and raise additional revenue. for anybody that wanted can you really do that, remember tax expenditures are running $1.2 trillion a year. we are spending more for the tax code than we are through all of the appropriate accounts of the federal government. this is what happens to the deficit in the share of gdp under the fiscal commission plan. you can see a dramatic improvement. the fiscal cliff plan, and what was just adopted, you all know the elements here, individual rates were raised, capital gains and dividend rates were raised, the estate tax was increased to 40% above $5 million. alternative minimum tax was six on a permanent basis paper extended other expiring tax provisions. on the spending side, a doc fix was taken car
able only to deal with the tax issue. but for the most part, that's history at this point, and the fact that a they were able to do that is at least a step forward. it added, as you know from the summary of the state of play that the president gave yesterday in his lengthy press conference, it added $600 million to the billion four of spending cuts that had previously been enacted and put into effect in the last two years, and the interest savings on top of that come to a total overall of 2.5 trillion other the ten-year period that we all have gotten familiar with as the measurement period for deficit reform. and two and a half is not all the way to the target of four that almost every independent group has adopted as a reasonable way to stabilize the debt in relation to the growth in the economy. you could make an argument that a little more or a good deal more would be helpful too. but four trillion over ten years is not a bad target, and two and a half is a fair bit there, and so we move to the next chapter which promises to be messier, uglier, nastier than the first one. but i think
cannot live off that narrow band of industry forever. because of high taxes, regulation, and healthy lawsuits, government spending people are leaving. john: great davis in the '90s said we have all of this cash from the.com boom. >> he spent that cash on public sector pension promises and general spending to everybody even austerity spending has gone up. john: beyond population growth. global warning -- warming measure. >> high-speed rail that nobody wants. john: even "the terminator" the republican and i thought here is a politician quoting milton friedman. what happened? >> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about
. and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787 dreamliner. a faulty battery forced an emergency landing of a 787 in japan after a result the japan airlines are grounding their entire dreamliner flight facing safety inspections. shares of boeing fell more than 3%. hewlett-packard rallied more than 4% reported they received buyer interest for the edf units in recent days, however sources say no major sailors coming anytime soon. but we have to move on to the story that everybody is talking about. president obama signing 23 separate executive actions on gun violence today. and those actions could have a huge impact on the firearms industry. among other things,
is all tax deductible. the irs says the compensation to homeowners as the cost incurred in the crse of doing business and is not a fine or penalty but the result of wrongdoing. i say if they didn't do anything wrong there probably wouldn't be showing -- shelling of billions of dollars. we should not be footing any part of the bill for the mistake . as one homeowner put it, the government comes after us for every little bit of money we have. that's because we aren't too big to fail. we just have to bail out the ones that are. that's what i think. now we want to know what you think. here's our question. should banks be allowed to deduct the mortgage settlement? log on to gerriwillis.com, vote on the right inside the screen and all share the results of the end of the show. not to the latest developments in the hostage situation in algeria. one american reportedly dead a takeover and natural gas plant by islamic militants. algerian news agencies report around 100 foreign workers are freed. the fate of 30 other foreign energy workers remains uncertain today militants' offering to trade t
of state services like health and welfare, a limit on property taxes, plus republican legislators' refusal to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.
tonight. thank you. the mickelson's public rant about his taxes didn't go over with some folks. today the millionaire athlete is apologizing. we will show you what he is saying now. plus, a high school wrestler meets his match. look at this. a falling light fixture weighing about 100 pounds. details next. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. get 4x the protection against stress sweat. ♪♪ a flavor paradises aof delicious fishes ♪♪ ♪ friskies seafood sensations. ♪ feed the senses. [ male announcer ] born from the elements, destined to take them over. ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
. following up to that, can you give any advice on particular resources that would speak perhaps to any tax benefits, subsidies in place for both domestic distribution of wine, as well as exports? >> why don't we take it off line. i think what is the case, there is a lot of complexity to the incentives that were put into the jobs act for small businesses to take advantage of on expensing equipment, investments and their businesses, as far as the tax treatment of those activities. obviously, as a small-business person, each of you needs to understand, it is complex, but there are a lot of tax incentives and investment in business that you should take aware -- advantage of. >> we have two questions in the back. just to be mindful for everyone's time, we will go for about five more minutes. >> my name is david. i am an internet or entrepreneurs. in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees.
it was put in place. we just raise tax rates on the well-off so we are doing this in pieces off. declaring victory more angry at each other than they were before and making it harder to do the remaining policies is so we know what we have left we know what we have to the health care cost which the truth is we don't know how to fix the system in its entirety. we have to keep looking at ways to control health care cost and the government programs and medicare and we are going to have to go back and do this every couple of years but we have to study what works and put more of the policies that are working in place. we have to deal with our other entitlement. it's a contentious issue in this country. it's always a political tough battle. but the longer we wait to make the changes for the people the difference of the programs there is no question about that and we have to go forward with tax reform which is great when you talk about it broadly we all know the tax code is a disaster and none of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise re
to your attention last fall san francisco voters passed a tax-change measure. and the mayoral spokesperson in a later article indicated there likely could be more money from this new local tax measure that replaced an outdated one. to the extent that the office of disability, department of aging and adult services and mod can monitor the income from this new tax, i'm going to suggest that some of that extra money could be devoted to restoring some level of the cutbacks already made locally. but statewide is the larger issue. that is where the major changes have come. so i also wanted to alert you to a program called "a california budget for all of us." it's convening groups include well-known groups like the western center on law and poverty, health access, the california partnership, and the california immigrant policy center. the mantra is "restore, rebuild and reinvest." so this advocacy will be taken up by various groups including the california alliance of retired americans. there are four polices that are coming from this california budget for all of us. four polices for the coming
on various things with regard to economic reform, tax reform, immigration reform. i think that there's little doubt the president would be willing to compromise if the other party is willing to meet him part of the way. the other party job is to see how much it came at for its side and giving the issues we've been through, such as the fiscal cliff, the fact is there's no way out of these issues without compromise. i do think we will see compromise on something like immigration reform because democrat fixes destiny and the republicans as well as democrats recognize that they have to show some support for immigration reform if they're not going to in the case of republicans, lose the hispanic population permanently to the republican party. so the president has already, i believe, shown willingness to compromise and all that data show that republicans are the party has moved further to the right and democrats have moved to the left, although both have moved to the extreme. i think we're going to see the president because he won the election been tough for rhetorically about not compromising, alt
-class people, people who are working and paying taxes. we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unreliable. the buses miss runs-------. fo
mickelson, why is he paying 62%, 63% tax? >> i like the nike add. >> all that, plus the opening bell in just a moment. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell is going to ring in a little less than 90 seconds. a busy week. everything from apple to microsoft to bristol-myers reporting earnings. we talked about some of the highlights. also, davos happening. you never know what could come from the other side of the planet. >> a lot of hitters there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got
netanyahu reelected. what's interesting a contentious talks on financial transactions. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addr
can understand that. another great part of your program, vehicles for change is the tax donation. tell me about that. >> one of the big differences between our program and any other program that tax car donations is the tax law allows us to provide a better tax deduction to their donors. we get cars that have 250,000 miles at auction. that donor gets what we sell the car for. if we get a car in good condition that goes to lower income family our donor deducts fair market value. that's huge. it is twice as much as a car that sells at auction. >> tell me how people can get involved? is there a website to go to? tnyçeasiest way to go through û vehic for change.org. on our website they can to donate your car. there is a form you fill out. it takes a couple of minutes. we ask a lot of questions about the automobile. so we can determine what we can do with the vehicle. does it run? does it have body damage? it is simple. it comes to us. we let the donor know what we can do with the car and what their tax deduction will be. as an easy process. >> what do you see in your future for the com
as if the democrats are the parties of tax and spend, the republicans are the party of borrow and spend. did you see any evidence of the bush administration that there was any entitlement cutbacks? i don't believe most republican politicians have discipline when it comes to spending or they wouldn't have been nearly as profligate, give me a break. this won't be much of a show count. republicans -- come here, come here, the republicans, they don't want to cut spending either. embarrassing the president is one thing, but actually offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues that held up business formation and stock investing for a long time. put a drag on it. uncertainty of the presidential election, uncertain
it should come from a celebrity. real smart. golfer mickelson is teed off high taxes and took a twick about president obama in the home state of california. but then, bill took it back. why did he apologize? we'll try to figure that out next on "the five." ♪ ♪ ♪ [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. ♪ ♪ >> greg: awful discussion going on here. all right. so golf star phil mickelson now regrets saying that he'd leave california over high taxes. the state just boosted rates and for every buck that phil makes 63 cents go to the government. which oddly pays for obama's golf. mickelson apologized to anyone he may have upset or insulted. but who did he upset or insult? it's not like he said hey, i am leaving california because there are too many gay samoans. everyone knows there aren't enough. no, he didn't offend a race, orientation or even a size. no, phil just invented the pre-emptive apology. could there -- >> dana: yep. freddie befor
the fiscal cliff and the concerns of mayors regarding both investment programs and tax-exempt financing. whenever there's a major issue that demands attention, again and again and again, vice president joe biden has shown the leadership and courage needed to help move our nation in the right direction. and that is why i was certainly hartened when president obama asked vice president biden to lead a special task force to develop responses to the tragedy not only at sandy hook elementary school, but the daily tragedies we see all across america. the nation's mayors and vice president biden have stood together for many, many years in support of public safety. after all, it was then-senator joe biden who championed the crime bill, which established the cops program and included the ban on assault weapons and large-capacity magazines, which congress unfortunately, allowed to expire. yesterday, i was personally very proud to be in the white house as president obama and vice president biden unveiled a strong, comprehensive package of legislative and regulatory reforms needed to response to th
because he's not going to do that. asking barack obama to not be a big spending high taxing liberal liberal, this is what we'll do we'll pass a year-long continuing resolution or national security, we'll pass a very short term continuing resolution for the department of labor, the department of housing and urban development, the department of the interior. there are dozens of places you can dramatically change spending without having to get involved in general crisis over the u.s. debt. >> mr. speaker i want to get your take on gun control, because as you know vice president biden is going to be delivering some 19 different recommendations to the president. also there is some controversy over the fact that the nra released a new itunes app that offers shooting practice and can be for children ages 4 years old plus. what do you think about that? >> we're having the discussions about gun control, over 500 people were killed in chicago last year the president's hometown. vice president biden doesn't want to go there, i'm trying to get the house to hold hearings
in the united states doesn't have a lot of influence on the economy, but the tax hike on the working men and women, 120 million people, that 2% payroll tax is a killer, and that is all consumption of some. people spend the mone money thet have it, they reach into savings. that was a mistake, it was bad policy. i took growth down in the u.s. by half a point. lori: and you are telling us the economy has all the potential to break out. how much o ahead when will this fiscal policy have? is there any way to recoup it? any offsetting factor? >> unless washington changes its behavior. which is not likely. then the answer is no. we have this gradual recovery. it looks all right over time, has good pieces to it, energy, housing, the banking sector actually may be getting better. lori: must be a mistake on our washington leaders, what if they can achieve a grand bargain, get entitlement reform and we can sustain this debt to gdp level for the time being we can get to underlining measures. >> it would be a glorious outcome. lori: are you optimistic at all it will happen? >> i would like it to happ
. >> not the last question. >> i'm sorry, francine. [inaudible] >> everything you run out of tax reform process has been out with a has to measure to make them maybe not impossible, but much less likely to tax reform goes forward this year. is that basically what you believe? if you could say a word about why tax reform should go forward. what do you see as the upside of that? >> i'm not saying that. what i'm saying is they think we took seems that do not package they have some ramifications tax reform. but i am not saying that we shouldn't sit down and talk about how we look at our tax structure and how we reform it. it's a fact that by what we thought it, but it isn't anything close to the whole package. i think what it does is to force people to be more concrete about what they mean when they took about tax reform. let me just give you an example. some of the provisions that we have been training and retraining, some of them are in appropriation and some of them are in the tax structure. i think we can take a hard look at all of our training programs. some of them aren't about to taxation. i thi
government, ok. this is tax incentives. you have to have tax liability. you have to pay taxes to make this thing valuable to you, but most people do. the law is written at 30% of the cost you can have a tax credit of 30%. let's talk about real numbers. what am i paying now and what am i going to be paying in the future? if i can make money today on my monthly payment and go green, why not? solar kind of reverses the effect. it's like tax brackets. the return on investment typically is higher if you got a big bill. there is also another thing about time of use rates. i want to go over it very briefly. it does have some effect and you will hear it about on your bid. the time of use rate is a way that you tilts are trying to help -- utilities are trying to manage their peak demand. you charge people more during peak periods. you make it up to them by charging the low market rate off peak. this is off peak and you'll be charged a very low rate for it. at shoulder peak you'll be charged more. at on peak, you'll be charged the most, another shoulder, another off peak. so what happens is tha
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
bond documents, a tax certificate, as well as a surcharge fund ordinance and most important that it provides rate-payer relief and savings. with that in mind i would like to thank the sponsors, the mayor's office, as well as supervisor chu. before you is a wholesale customer repayment, who purchase about two-thirds of all the water next hetchy system have the opportunity under their contract arrangement with the city to be able to pre-pay capital costs repayment. and these are old capital costs that were incurred previously. monday we sold our own sewer bonds of $19 2 million worth, our wholesale customers as well are able to issue bonds and now experience refunding savings. the approval would include pre-payment and [kphr-ebgs/] agreement, as well as sfpuc tax certificate, very similar to the review when you review our bond approvals for when the sfpuc is an issuer. in this case the issuer would be the wholesale customers not directly the sfpuc. >> and todd, just formality benefit of the public can you quickly distinguish who would be our wholesale customers versus retail
's already too much uncertainty in our tax structure to be doing this again in three months adds to the uncertainty. there are other thoughts as well. twitter available to you, too. stuart, you are up first. good morning. caller: this goes along with the war on weapons. what congress needs to talk about is the everyday city crime, the shootings among drug dealers, the prison industrial complex, what ron paul and ralph nader talk about. real solutions to the debt limit and taxation of illegal drugs, at least marijuana will reduce the deficit, increase revenue, increase jobs. decrease crime in half. host: so what do you think about the strategy from house republicans? what do you think specifically on this as a strategy? caller: i think it's just a big joke. without new revenue. they know. they don't care that we're going down the tubes. they don't care about sese quest ration. now they are talking about the construction industry is going crazy. we need more cheap labor from third world countries. like that's going to help. host: ela is on our democrats line from charlotte, south c
in the last congress when later closing was speaker of the house. she had had 16 tax cuts signed into law to help small businesses grow and thrive. as we know, during the last 15 years, small businesses account for about 2/3 of the job growth in our country, but when the bush recession hits in 2009, 2010, small businesses were hit particularly hard. small businesses are the center of her agenda. congress under her leadership gave 27 million small businesses tax cuts. two main pieces of legislation -- the small businesses jobs act in the information you have, will create a total of 500,000 jobs and create eight tax cuts. they are all described in the packet you have. also, unleashing up to $300 billion in credit for small businesses to access. there are another eight tax cuts that were passed through a number of different laws. some of our panelists will address those. even though now we are in an environment where there is a republican majority in the house and a slimmer majority in the senate, please note that the leader and democrats are going fight hard to keep their agenda and restart
give a tax credit to any one who would turn in what lawmakers are calling an assault weapon and also another measure aimed at creating the overall bigger picture of mass violence. >> at the news conference the president accused republicans of trying to collect a ransom in exchange for not crashing the u.s. economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really mig
to surrender on the debt limit and require the republicans to accept new taxes in exchange for any new real spending reductions. so the white house's plan is to force republicans to be unreasonable by being themselves reasonable and taking the positions they have had all along, including in the 2012 campaign, which they won. another version came today from "the new york times" columnist, saying they could adopt the strategy, called kill the wounded, the wounded being the republican party. the way the strategy works, the moderate policies on gun control and hurricane relief, they will force the republicans to offend main stream supporters or risk a challenge from the right. there is a kind of a delightful logic to this argument, which it is true. the republican party looks really bad because the white house is proposing pretty popular moderate ideas and republicans keep saying no to them. and yeah, it is true that house republicans look kind of crazy when they say they're going to let the white house default on its obligations, regarding the election and that issue. so yeah, if obama was not
the election, campaign, democrats talked about taxing the rich, make the rich pay more, they played that game of class warfare, no people are finding without, that is not -- only going to take care of a small sliver of it, now, they are using terms like revenue, they don't top tell the little -- don't want to tell the little by they will be raising taxes. lou: is that true. >> actually, when it comes to debt sealing it is a nonnegotiate item. >> so step lated, this is -- stipulated, this is crazy, what is hoyer talking about in. >> i can't peak to that issue. lou: come on, there has never been an issue youk could not talk about. >> we have to focus on entitlement reform. lou: you are not? robert thank you, and sherri, and curtis thank you. we appreciate it that is it for us, tonight we appreciate you being with us, hope you will join us, here tomorrow, it will be outstanding, i guarantee it, good night from new york. neil: sun of a -- we dodge the cliff, and the agency refuses to cut us a break, i am neil cavuto, i hate to say i told you so, fitch investors say that we're ripe for a
authority is necessary. but there are some others. >> guest: some other examples. let's take corporate tax. it seems likely there will be a year long debate about corporate taxation here in washington in 2013. most businesses are global in some respect. not all but most big businesses for sure. if you're a big business and you look over to champion you'll -- over to china, you'll see promises to have 15% corporate income tax rate. you come the united states, you have no predictable, don't know what it is, and the current rate is much, much higher than that. we need reforms that say to businesses, we want you to invest here in the united states. while we're having this big debate about corporate tax reform, let's include in it specific reforms for the energy sector that in fact are designed to attract a maximum amount of new investment to build a clean energy platform let's have it by a subpart of the corporate tax reform debate. another example? the carbon tax. the carbon tax is a broad-based tax that does not in fact have to have a big impact on consumers. it could be placed on electric u
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
taxes, slightly more because, slightly more costlier and all of that is caused the economy to government economic -- we have an ability to withstand more that independent than they do, but it's with the same effect. government can't necessary great economic growth but it can create the conditions for which the economies grow. we need understand that's vitally important. so today, look where we are, and you can see that the economy has been in recovery. household net worth has recovered almost pre-recession levels. the economy is almost pre-recession levels. we've added 4.5 million jobs, that still means we afford to go to get back to pre-recession. unemployment rate has dropped to 718%. not enough. housing sector is recovering, we are in the process of a slow steady recovery. the problem is that at about 2% is probably not enough to reduce unemployment measurably from there measurably from your and giving up of 2% is a vital. so that's what we're going to talk about today. i'm very, very hopeful we can do that. we are creating conditions right now to increase economic growth in the priva
reviewed rather than just the structure within the treasurer/tax collector? it could very well be this is right classification. i just want to understand that process. >> supervisor, as you know, all of the city's classifications are reviewed by dhr and i know dhr did work with the treasurer's office to identify the appropriate classifications. the09 53 position, just the salary and range for that position is $125,000 to $159,000 on an annual basis. i think the information reflected in the budget analyst's report is the fully-loaded costs meaning the fringe benefits and the salaries as well. the deputy director 3 the 0 53 as i understand is the appropriate deputy director level for the treasurer's office based on their organizational structure, which uses the 0953 classification. >> if i just take a look at the high-end of that classification, at $159,000, and i'm multiply it .42, i still only get $226,000, so i just wanted to understand what the differential was. why don't we go to the budget analyst's report. >> madame chair and supervisor avalos, yes, that number in our
their fair share of taxes. he's just another elitist hypocrite when it comes to a fair share of security. protection for their children and gun-free zones for our kids. host: that the latest ad by the nra, put out yesterday, getting a lot of feedback about the ad invoking the president's children. the "washington times" has this headline this morning about president obama's event this morning. that is our question for all of you. if president obama acts on his own with executive action, do you support that idea? we're getting your take on that this morning. we will go to sandra in sulphur springs, texas, a republican. caller: how are you? i just have a question to ask the rest of the people listening. what about the fort hood shootings? has anybody thought about how many guns were there? the man walked in, he was a psychologist, he walked in and killed our soldiers at fort hood. . what is the gun ban going to do on that? what does obama think about that? host: what do you think about the president taking some actions on his own? caller: i don't think anybody ought to take our guns away.
spend the money rather than the citizens of the state of oklahoma deciding where their tax money will spend -- be spent. so, again, and i will tell you, transportation costs all lot more to build a highway today because we have tried to make it available and it has become expensive because we have added all these rules and regulations, all these requirements. a large portion, about 18 percent of of federal highway budget does not go to build the first, bridge, highly tomorrow. goes for enhancements. it's not something that people in oklahoma necessarily what. remanded the percentage that you have to spend on something other than that from a gas tax from putting gas in your tax. to me that is ludicrous. those are nice things. why it's getting ready to happen. what the possible solutions to get out of. here is a great example of how we got in trouble in the first place. what our founders believed was that we would have a very limited central government. i absolutely believe that we should have a limited central government, but it should be authoritative in terms of the areas that w
taxes. this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >>brian: getting heat for suggesting he may make changes to his own life based on the increasing tax burden placed on successful americans especially in california. even forbes, a magazine featuring successful people, is jumping on the band wagon writing -- quote -- "mickelson should stop whining and give thanks for your good fortune." now h
not have much time. >> yes, we do. >> i pay my taxes, and i demand the right to express myself so people can hear what i have to say. >> of course. but we have invited you here for a discussion. >> you want an argument. >> the founder of an international car supplier demands respect for the jobs he has created any money he has generously donated, but he does not care to mention his many failed enterprises, the austrian subsidies he has received, or the fact that he pays a good portion of his tax abroad. he pushed for a training program for future ministers and a refuge for those who have been booted out. experts do not think much of his current manifesto. one policy is to introduce national bureaus with differ exchange rates depending on the financial situation of the respective countries. >> he wants a flat tax, what he calls a fair tax. he wants to tighten the law for asylum seekers. there are a lot of issues that he stole from the 1990's. >> the similarities to not end with policies. five mp's from the alliance for the future of austria have already joined him, sending his party strai
used to be a line item in the budget, but you recall a couple of years ago there was a gas tax swap, a complicated maneuver to ensure that transportation funds continued to flow. the result is that the state transit assistance is now based on the details sales tax receipts. that is a fluctuating amount of money and therefore we only rely on the projections over the course of the year. so far it looks pretty good. the other big news is that the state is looking pretty good. troop prop 30 passed, significant dollars in projected revenue. so i think we find ourselves in a cautiously optimistic time. we'll be following that as the year unfolds. we participate in that process through various trade associations and our meeting, in fact, next week with the commit staff working on the bill to have california's law conform for the federal law. cap and trade another very large statewide issue. san francisco as a city family is engaging on that through our advocacy, our lobbyists, as well as the league of cities, california state association of counties and others who have an interest in maki
as a tax deduction. any money that if you have taken can be applied as a tax deduction. this can be done on an annual basis. next, the opportunity, and a fund -- opportunity loan fund, providing for small businesses to pay for the inspection or to make improvements needed. to do it before you receive the lawsuit. and lastly, we of the bar association and their resources. they're providing their legal service for you. this last thing i am going to share with you in terms of what we have seen in our office is that with the individuals, that does not necessarily mean an individual will follow up with a lawsuit. what we've seen in our office is the individual's will send you a letter and say there were compile -- compliance issues. where people get in trouble is they ignore the letter. we need to make sure it that your pro-active and responsive. when a business receives a letter, they need to contact our office. the merchants of been very proactive -- have been very pro- active. the businesses that have received a letter and passed an inspection after receiving the letter have staved off a l
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